Nordex USA Building In Jonesboro To Be Sold

A closed factory that once had the promise of employing more than 700 people in Jonesboro is to be sold.

Officials won't identify the buyer of the Nordex USA site, which made wind turbines until it shuttered last year. The sale of the $40 million plant is to become official Thursday.

Nordex attorney Anne S. Parker of Little Rock said she isn't allowed to discuss the buyer. Jonesboro Mayor Harold Perrin says he was told a large, publicly traded company wants to buy the site but says he wasn't told the name.

Nordex officials complained that a lack of a federal wind energy tax credit stifled its business and forced the closure. The company pledged to repay $2.5 in state incentives for not meeting hiring targets.